Generally, stocks in the property sector have been weak for some time, mirroring the effects the property cooling measures had on the sector. Keppel Land is the "leader" among all the weak stocks in this sector. When the STI was doing a throwback in the second half of Dec 2013, the sector did not follow. In fact, Keppel Land was the first to break it's support. Others like CDL and Capitaland have not break their support. I missed the chance to short it as I've been waiting for the throwback that never materialize.
Looking at its weekly chart, Keppel Land has convincingly finished its distribution pattern. Looks like a free fall from here, till the support at $2.80 region. Please give me a throwback and the chance to short it!
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